Statistics Canada is suspending its practice of obtaining personal credit records from TransUnion and has written to Canada’s banks to delay its plan to obtain the banking details of 500,000 Canadian households.
The moves come as the national statistics agency is under investigation by the federal Privacy Commissioner after concerns were raised over its plans to obtain an unprecedented level of access to the personal financial information of Canadians.
While the plan to obtain banking records was a pilot project the agency hoped to launch in January, Statscan has already been collecting personal financial data from TransUnion, a credit bureau, for more than a year.
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